Back in the late 90's I had a sting working for a guy. The police turned up one day looking for him; it transpired he had been dealing with a tax investigation and had been advising the client to make 'in good faith' payments on account to HMRC. He told the client to make the cheques out to himself / his firm, as he paid all tax liabilities for all clients in one go each week from his firm's account.
The client seemingly didn't bat an eyelid at this and kept writing the cheques.
This had been going on for 2 years. It was only 2 years later that it transpired that HMRC had not received any payments.
I very rarely do this, but I'm going to comment on what a really good piece of writing the above is.
A lot of bosses are very insensitive. I use to work as a subbie for one years ago who got a lot of 'behind the back' criticism for parking his £80K car on the car park next to the employees' fiestas and corsas.
I also have a client who's office a visit from time to time; he always jokes (in front of his staff) about how he's not allowed to mention the word 'holiday', as he's already been to the Australia this year, the canaries, Portugal and now he's got a cruise booked for 6 weeks time. The staff laugh (mainly part time young mums on low wages), but I often think that he's doing himself no favours as privately I bet the staff resent him rubbing their faces in it.
I think a lot of employers do this without realising, so perhaps this article will encourage them to be more sensitive.
They will continue to come out with the usual crap such as 'we will keep it as a stand-alone product' and 'we recognise the needs of small practices', but what happened to Drumhorr's Tax Assistant? Fantastic low cost piece of kit. Iris bought the company and promised we would see no changes... next thing, it's discontinued.
As others, I'll be getting out after the end of the tax season before Iris can manage to lock me in to some ridiculously expensive contract.
+1
It is used by creditors. NatWest, for example, use EBITDA minus dividends as the metric for deciding whether a business can afford to take on more debt. They recently told a client of mine that EBITDA less dividends must equal at least 1.75 x annual debt cost. Not sure how that compares to other lenders, but that is not really relevent.
I find a holiday in the sun either during Christmas or after 1st Feb works wonders. Normally we go for February, but this winter we are going Christmas week and coming back Christmas Eve. Can't go for longer as kids school holidays are in the way.
VT Trans+ was rarely updated anyway in my experience. There was no need to. It's an outright purchase product so we can still use it to keep books and transfer to VT Final Accounts.
VT says it's not ceasing to exisit but to be developed- so seems you can even still recommend it to clients where suitable.
I'm not seeing any real change- at least from my point of view
VT transaction + has been a godsend for me over the past 15 years, as has VT Accounts. I still use VT+ for preparing accounts from incomplete records / once a year type clients.
I get that VT + is a 'bought' product and we can still continue using it, but with development ceasing, there will come a day when VT+ will no longer be compatible with new operating systems.
Moneysoft used to sell a cracking piece of practice management software (Office Manager from memory), but they stopped developing it. They continued to allow it to be downloaded from the website, but try firing it up on anything newer than Windows XP and it won't work.
Sadly, it seems VT+ will go the same way. I for one will miss it very much.
I love Fuerteventura, it's a beautiful place. We normally stay at Corralejo. I was there in January and it was really sunny every day. Also Gran Canaria in March, at the South side of the island (The hottest spot) and it was 30 degrees.
Nice to see a fellow fuerta person on here. I'm looking forward to my summer holiday the week after next. Majorca. We go there every year around August as it is absolutely blazing - 39 degrees last August, the hottest I've ever experienced. The feeling of the sun on you in that heat is like being stood to close to a fire, but if course, it's more of a dry hear than we get in the UK, and you can always jump in the pool to cool down.
I'm already dreading coming back as I suffer with after holiday blues every time without fail. I always wonder, is it just me?
My answers
Surprising how many cases like this spring up.
Back in the late 90's I had a sting working for a guy. The police turned up one day looking for him; it transpired he had been dealing with a tax investigation and had been advising the client to make 'in good faith' payments on account to HMRC. He told the client to make the cheques out to himself / his firm, as he paid all tax liabilities for all clients in one go each week from his firm's account.
The client seemingly didn't bat an eyelid at this and kept writing the cheques.
This had been going on for 2 years. It was only 2 years later that it transpired that HMRC had not received any payments.
He served 18 months. Still knocking about now.
.
I very rarely do this, but I'm going to comment on what a really good piece of writing the above is.
A lot of bosses are very insensitive. I use to work as a subbie for one years ago who got a lot of 'behind the back' criticism for parking his £80K car on the car park next to the employees' fiestas and corsas.
I also have a client who's office a visit from time to time; he always jokes (in front of his staff) about how he's not allowed to mention the word 'holiday', as he's already been to the Australia this year, the canaries, Portugal and now he's got a cruise booked for 6 weeks time. The staff laugh (mainly part time young mums on low wages), but I often think that he's doing himself no favours as privately I bet the staff resent him rubbing their faces in it.
I think a lot of employers do this without realising, so perhaps this article will encourage them to be more sensitive.
They will continue to come out with the usual crap such as 'we will keep it as a stand-alone product' and 'we recognise the needs of small practices', but what happened to Drumhorr's Tax Assistant? Fantastic low cost piece of kit. Iris bought the company and promised we would see no changes... next thing, it's discontinued.
As others, I'll be getting out after the end of the tax season before Iris can manage to lock me in to some ridiculously expensive contract.
Nice article. Would this work in the following way:
We want to use the Xero content pack, but there is a bug / fault with the way dates are laid out.
Could I use the instructions above to add date tables and then report on the Xero content pack data using the dates in the date table?
+1
It is used by creditors. NatWest, for example, use EBITDA minus dividends as the metric for deciding whether a business can afford to take on more debt. They recently told a client of mine that EBITDA less dividends must equal at least 1.75 x annual debt cost. Not sure how that compares to other lenders, but that is not really relevent.
53.3%
16/30
I find a holiday in the sun either during Christmas or after 1st Feb works wonders. Normally we go for February, but this winter we are going Christmas week and coming back Christmas Eve. Can't go for longer as kids school holidays are in the way.
VT transaction + has been a godsend for me over the past 15 years, as has VT Accounts. I still use VT+ for preparing accounts from incomplete records / once a year type clients.
I get that VT + is a 'bought' product and we can still continue using it, but with development ceasing, there will come a day when VT+ will no longer be compatible with new operating systems.
Moneysoft used to sell a cracking piece of practice management software (Office Manager from memory), but they stopped developing it. They continued to allow it to be downloaded from the website, but try firing it up on anything newer than Windows XP and it won't work.
Sadly, it seems VT+ will go the same way. I for one will miss it very much.
I love Fuerteventura, it's a beautiful place. We normally stay at Corralejo. I was there in January and it was really sunny every day. Also Gran Canaria in March, at the South side of the island (The hottest spot) and it was 30 degrees.
Nice to see a fellow fuerta person on here. I'm looking forward to my summer holiday the week after next. Majorca. We go there every year around August as it is absolutely blazing - 39 degrees last August, the hottest I've ever experienced. The feeling of the sun on you in that heat is like being stood to close to a fire, but if course, it's more of a dry hear than we get in the UK, and you can always jump in the pool to cool down.
I'm already dreading coming back as I suffer with after holiday blues every time without fail. I always wonder, is it just me?
Thanks for posting. Glad you enjoyed.